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Kalpataru Power Surges on Bagging Orders From Power Grid

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Kalpataru Power Surges on Bagging Orders From Power Grid
Shares of Kalpataru Power Transmission surged as much as 9.2 per cent to Rs 223.70 after the company, post the market hours on Tuesday, announced that it has secured orders worth Rs 1,320 crore from Power Grid Corp.

The order includes a transmission line supply project for Gadarwara-Warora Transmission Line Project of about Rs 353 crore from Power Grid Warora Transmission Ltd.

Also an order is one transmission line supply project for ultra-mega solar park transmission system in Andhra Pradesh of Rs 77 crore a Rs 44 crore for a substation project. 

Further, a turnkey transmission line project of 765 KV Vemagiri-Chilakaluripeta of about Rs 778 crore from Powergrid Southern Interconnector Transmission System Ltd, a wholly-owned subsidiary of Power Grid Corp.

Besides these, the company also got turnkey transmission line project of Rs 73 crore in Abu Dhabi.

These have taken the order book value to over Rs 7,450 crore in 2015-16 with around 55 per cent contribution from domestic transmission business, 10 per cent from domestic infrastructure business and balance from international markets.

Shares of Kalpataru Power traded 7.4 per cent higher at Rs 220, outperforming the Nifty which was down 0.2 per cent.

(With inputs from PTI)
 


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